AATC- CON 1100 EXAM QUESTIONS AND ANSWERS LATEST UPDATE

AATC- CON 1100 EXAM QUESTIONS AND ANSWERS LATEST UPDATE What are the three branches of government and their roles? - Answers Legislative Branch: (Makes Laws) Approves the President's Budget Sole power to authorize payments from the US Treasury Executive Branch: (Carries out Laws) Appoints Head of Agencies Signs / Issues Executive Orders Judicial Branch: (Evaluate Laws) Interprets law Resolve disputes What are the five functions of the Office of Management and Budget (OMB)? - Answers 1. Budget development and execution 2. Management, including oversight of agency performance, procurement, financial management, and information technology 3. Coordination and review of all significant Federal regulations from executive agencies, privacy policy, information policy, and review and assessment of information collection requests 4. Clearance and coordination of legislative and other materials, including agency testimony, legislative proposals, and other communications with Congress, and coordination of other Presidential actions 5. Clearance of Presidential Executive Orders and memoranda to agency heads prior to their issuance When was the Office of Federal Procurement Policy (OFPP) established and what is their role? - Answers Established by Congress in 1974 to provide overall direction for government-wide procurement policies, regulations and procedures and to promote economy, efficiency and effectiveness in the acquisition processes What is the responsibility of the DAR Council? - Answers Responsible for developing and maintaining acquisition rule and guidance in support of DoD's acquisition of goods and services What are the major categories of acquisition? - Answers Supplies and Equipment Services Construction Research and Development What is System for Award Management (SAM)? - Answers Register to do business with US government Update, renew, or check the status of your entity registration Search for entity registration and exclusion records. What is Procurement Desktop-Defense (PD2)? - Answers Supports the complete end-to-end procurement cycle from requirements definition/initiation through solicitation, offer evaluation and award to contract administration and closeout What is Paperless Contract Files (PCF)? - Answers a secure, web-based virtual contracting office that provides transparency to the Army's leaders PCF allows acquisition professionals to store, edit, send for review and approval, and archive as official records the contractual files that they work with on a daily basis What is Contractor Performance Assessment Review System (CPARS)? - Answers Performance evaluations contain both government and contractor comments to provide a balanced view of performance, allowing source selection officials to look beyond contractor references What is Defense Pricing and Contracting (DPC)? - Answers Responsible for pricing and contracting policy matter across the Department of Defense (DoD) Oversees the DAR Council Define FY, obligation, and period of availability - Answers Fiscal Year (FY) - The Federal Government's fiscal year begins on 1 October and ends on 30 September Obligation - An obligation is any act that legally binds the government to make payment. Period of Availability - Most appropriations are available for obligation for a limited period of time. If activities do not obligate the funds during the period of availability, the funds expire and are generally unavailable for obligation What are the five colors of money and their period of availability? - Answers Military Personnel (MILPER): 1-year Operations & Maintenance (O&M): 1-year